Newmont has raised its takeover bid for ASX-listed Newcrest to $29.4 billion, which the US gold giant has labelled its best and final proposal.
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Vietnam’s Competition and Consumer Authority has approved BHP’s acquisition of OZ Minerals, pushing the Big Australian one step closer to completing the takeover.
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Canadian zinc and copper miner Teck Resources has rejected a $US23 billion ($34 billion) merger with Glencore, saying it’s reluctant to expose shareholders to risky oil and thermal coal assets.
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On Monday, lithium company Albemarle submitted a non-bonding proposal to acquire all outstanding shares of Liontown Resources – a battery metals exploration and development company – for a cool $5.2 billion.
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Sibanye-Stillwater will provide $30 million in relief to New Century after its Century mine in Queensland was forced to suspend operations due to high rainfall.
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The Mincor Resources board has recommended its shareholders take no action after mining magnate Andrew Forrest bid $760 million for the company.
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Sibanye-Stillwater has stepped in to help New Century get back on its feet after heavy rainfall forced the suspension of its Century mine in north-west Queensland.
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Superior Gold Inc, a Canadian-based gold producer, has entered into a takeover agreement with Catalyst Metals, an Australian exploration company.
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“Disappointed” was the word Newmont chief executive officer Tom Palmer used when discussing the rejection of his company’s bid for Australian gold miner Newcrest.
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Australian gold company Newcrest may have knocked back the $24.45 billion takeover bid from US mining giant Newmont, but the door remains open to a bigger deal.
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Australia’s Newcrest Mining has confirmed it received a $24 billion takeover offer from Newmont Corporation, the world’s largest gold mining company.
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